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Jan 30, 2013
01/13
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WETA
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earnings were down considerably from last year thanks to a tax settlement a year ago. but the results were well above wall street estimates, thanks to a double digit jump in revenues. driving that growth was an increase in deliveries of commercial planes. the 737 remains the driver, with 105 planes delivered. the 777 also helped, as did the 23 dreamliners handed to customers last quarter, but those planes can't fly right now. u.s. and japanese regulators have grounded the 787 due to concerns about its lithium batteries overheating and catching fire. today boeing management said it is making good progress in finding the cause. peter arment is the aerospace analyst at investment firm sterne agee. >> tom: boeing still plans to ramp up production of that dreamliner, triple the number it delivers and takes payment for. how confident are you it can stick with that? >> we're very confident. i mean, yes, there is no question there is headline risk with the 787. i think that there is concerns about what the ultimate solution will be, or root cause. but everything we have seen,
earnings were down considerably from last year thanks to a tax settlement a year ago. but the results were well above wall street estimates, thanks to a double digit jump in revenues. driving that growth was an increase in deliveries of commercial planes. the 737 remains the driver, with 105 planes delivered. the 777 also helped, as did the 23 dreamliners handed to customers last quarter, but those planes can't fly right now. u.s. and japanese regulators have grounded the 787 due to concerns...
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Jan 30, 2013
01/13
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CSPAN2
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begun to discuss tax loopholes. why should millionaires get more tax benefit against their charitable contributions than middle-class families do? why should a billionaire who builds a wing on a museum and puts his name on it get more tax bang for his charitable buck than the middle-class family who gives to their local church? is protecting that benefit for high-end charitable donors more important than addressing our deficit? how about tax subsidies to the most profitable companies in the world, the big oil behemoths? the american taxpayer is asked to provide money to big and often foreign oil companies. is keeping big oil lobbyists happy with subsidies from the american people more important than addressing our deficit? should companies and wealthy individuals be allowed to hide their money from the tax man in offshore accounts while working families pay their taxes fair and square? is protecting that tax gimmick more important than addressing the deficit? how about that carried interest trick that allows hedge f
begun to discuss tax loopholes. why should millionaires get more tax benefit against their charitable contributions than middle-class families do? why should a billionaire who builds a wing on a museum and puts his name on it get more tax bang for his charitable buck than the middle-class family who gives to their local church? is protecting that benefit for high-end charitable donors more important than addressing our deficit? how about tax subsidies to the most profitable companies in the...
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Jan 30, 2013
01/13
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FOXNEWSW
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, no he raised taxes. did ronald reagan raise or lower taxes? >> he cut the highest tax rates. you want to look at rates from 70% to 28%. now, is that a good enough tax cut for you? >> eric: what happened? >> we had great growth. when the tax cuts took effect, we phased in the tax cuts but when they took effect, it went like a rocket ship. we had 7.35% in 1983 and 5 1/2 in 1984. >> eric: and the tax receipts increase? >> there is some guys curve -- i don't know who the heck it is. we have the highest corporate tax rates in the world and one of the lowest tax revenues. go figure. >> eric: they were spinning all this different directions. do we have it? the g.d.p. report it's negative growth time. how about this one. despite lousy g.d.p. report u.s. economy is primed to expand. it didn't look like it to me. good news in a bad g.d.p. report. good or bad? >> it's ridiculous. we have had --, no, i don't think so. we've had the worse single recovery in the history of the u.s. in fact the recovery is much worse b
, no he raised taxes. did ronald reagan raise or lower taxes? >> he cut the highest tax rates. you want to look at rates from 70% to 28%. now, is that a good enough tax cut for you? >> eric: what happened? >> we had great growth. when the tax cuts took effect, we phased in the tax cuts but when they took effect, it went like a rocket ship. we had 7.35% in 1983 and 5 1/2 in 1984. >> eric: and the tax receipts increase? >> there is some guys curve -- i don't know who...
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Jan 30, 2013
01/13
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CSPAN2
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that is why we are cutting corporation tax. we are investing in enterprise zone, a million apprenticeships have perhaps started under this government. and let me point out to him what is actually happening in our economy. 1 million private sector jobs. in the last year alone, half a million private sector jobs, the fastest rate of job creation since 1989. that is what's happening. but do we do need to do more to get the banks lend him to get businesses investing? yes, we do. and under this government we will. >> thank you just for once why doesn't he give us straight after two straight question? [shouting] growth was not 5% as he foreca forecast. but -- i'm about to give him some advice. i decided to the part-time chancellor, he should spend more time worrying about our economy and less time worrying about how to divert high speed of railroad away from his consistency. [shouting] we've had a flat-lining -- he should -- he shakes his head, but what does he have to say? your mp -- >> mr. alice, you are a distinguished practicing
that is why we are cutting corporation tax. we are investing in enterprise zone, a million apprenticeships have perhaps started under this government. and let me point out to him what is actually happening in our economy. 1 million private sector jobs. in the last year alone, half a million private sector jobs, the fastest rate of job creation since 1989. that is what's happening. but do we do need to do more to get the banks lend him to get businesses investing? yes, we do. and under this...
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Jan 30, 2013
01/13
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FBC
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officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. tracy: half past the hour, let's take a look at the dow 30. boeing up top trying to figure it all out. exxonmobil at the bottom right now. as is cisco systems and 3m. the tech companies having issues today. that's the floor of the new york stock exchange. nicole, you are one with us during the whole thing. love to hear his thoughts on all of this because the market took it in stride, moved a little, not a whole lot of movement. nicole: ben willis can break it down little bit for us. you're right, we didn't move around a whole lot. what we do make of the fed comments? >> not a lot. you will look at something to pick out of the headlines it would be the slowdown in growth. that is a pretty important story. the world growth we have seen not significant, not what we needed to see. the fact it is now slowing down is not a good sign. nicole: household
officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. tracy: half past the hour, let's take a look at the dow 30. boeing up top trying to figure it all out. exxonmobil at the bottom right now. as is cisco systems and 3m. the tech companies having issues today. that's the floor of the new york stock exchange. nicole, you are one with us during the whole...
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Jan 30, 2013
01/13
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CSPAN
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the top tax rate in russia -- in the u.s. went up to 39.6%. there is a flat tax in russia of 13%. better than.s. do rusher in taxes? -- russia. guest: this has been tested. "money printing will cause inflation" and it keeps not happening. don't tell me the numbers are skewed. at one point the say people have the wrong model. if you're not willing to say that, i cannot deal with that. that is something that is turning into something that is irrational. i don't think the measure of a country's success is how low the top tax rate is. would you rather live in russia or sweden? i would take sweden. we can argue. if you like to have lower tax rates at the top, tell me which social programs you want to cut. there is no evidence in our history that tax rates at the level we have are a big problem for the economy. host: comment on twitter with a question. guest: right now they are small. it's not clear there are any negatives. barring more is a good thing -- borrowing more is a good thing. that will hurt future growth, keep people unemployed for a long time. they will never get started on
the top tax rate in russia -- in the u.s. went up to 39.6%. there is a flat tax in russia of 13%. better than.s. do rusher in taxes? -- russia. guest: this has been tested. "money printing will cause inflation" and it keeps not happening. don't tell me the numbers are skewed. at one point the say people have the wrong model. if you're not willing to say that, i cannot deal with that. that is something that is turning into something that is irrational. i don't think the measure of a...
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Jan 30, 2013
01/13
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taxes have not really gone up. we have had the bush tax cuts right now for a decades. the not stimulated the economy in the way republicans say they would. i think there's a real debate to be had here. we have to be honest about the fact that the deficit is not the immediate issue. >> what does this do to the push that the president wants and some other democrats want for more tax hikes? they want to close hoop holes which is the tax hike. the president was saying when we were struggling and in a recession now is not the time to raise taxes. this is the worst we have been since we came out of that recession. hoping for a one-percent growth which is an nehm mick. instead of growing it's like we lost weight instead of growing weight. you run a gain rate every year. >> he is going to press for more that he canses. this is not about restructuring the sucht economy if you look at the last of the second half. every single time congresses of both taerts weather they are jqk or george w-bush. you can-- every time you raise taxes you shrink this. he's interested in the wealth r
taxes have not really gone up. we have had the bush tax cuts right now for a decades. the not stimulated the economy in the way republicans say they would. i think there's a real debate to be had here. we have to be honest about the fact that the deficit is not the immediate issue. >> what does this do to the push that the president wants and some other democrats want for more tax hikes? they want to close hoop holes which is the tax hike. the president was saying when we were struggling...
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Jan 30, 2013
01/13
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CNBC
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now the question is, if we need to rein in our growing economy and how to do it if the tax increase is enough for the consumer, it's enough for the companies in our country. really, in fact, the only way that we call -- again to grow in this next month will be the open of the credit crunch. really we have in this moment. we believe that the banks start again to give money, to give loans to the families and to give loans to companies, to call, again, a stop to working in the growing sense. in the grow impact. >> let's bring you in, as well, jane. the europe doesn't care, up 135, the highest since december, 2011. >> you look at spanish data, perhaps it's not so surprising that we're getting bad spanish data. perhaps it's surprising that we see yields come down. greek yields below 10%. the market is on its risk appetite high. almost the bad news and there is plenty of it has been disregarded in the market's current move. for instance, the imf forecasts last week. they revised lower for the world. at the end of last year, the ocd -- >> is there a sense that the worse the data gets, the clo
now the question is, if we need to rein in our growing economy and how to do it if the tax increase is enough for the consumer, it's enough for the companies in our country. really, in fact, the only way that we call -- again to grow in this next month will be the open of the credit crunch. really we have in this moment. we believe that the banks start again to give money, to give loans to the families and to give loans to companies, to call, again, a stop to working in the growing sense. in...
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Jan 30, 2013
01/13
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CNBC
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would the alternative minimum tax snare millions of people? would businesses have to start a whole brand new round of layoffs? executive after executive came on this show to say, look, we can't do a thing. what's the point? we will just have to undo it. business confidence plummeted, and the idea of forming a new business. well, remember when the ceo of paychex came on and talked about the paralysis caused by the cliff? who would leave his job to start a new business in that environment? okay. retail sales weren't that bad. but they nose dived right at the end of the quarter. retailers were afraid to restock inventory figuring that spending would drop off the cliff right along with the nation's finances. it was all in all a very bad time for our nation. now, overlay the storm of the century for the northeast. one that shut down the wealthiest area of the country for several weeks and caused what ultimately may be $100 billion in damage. you had the physical shutdown from the storm neatly and miserably dovetailing with the mental shutdown cause
would the alternative minimum tax snare millions of people? would businesses have to start a whole brand new round of layoffs? executive after executive came on this show to say, look, we can't do a thing. what's the point? we will just have to undo it. business confidence plummeted, and the idea of forming a new business. well, remember when the ceo of paychex came on and talked about the paralysis caused by the cliff? who would leave his job to start a new business in that environment? okay....
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Jan 30, 2013
01/13
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FBC
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taxes. david: the folks who say this is an anomaly point of good points, consumer spending is not doing bad. durable goods orders were up. business investment is up, capitol spending. homebuilding is looking pretty bright and even though prices came down a tick last quarter. there are improvements in the economy that may be worked into this number. >> that is all true. the basic fact is that last year, 2012 : gdp growth, fourth quarter of 2011 tough fourth quarter 2012 was only one nap%. there is not a lot of momentum there. we got a boost to a consumer's income in the fourth quarter because people anticipating the higher tax rates were paying out more in compensation, more in dividends. that is going to turn around as we come into the first quarter of 2013. david: the tax increases, as i mentioned in the intro to you, even the president said, a shrinking economy or slow economy, you know what to increase taxes. that is exactly what we're doing, but on the retail and wholesale level, if you
taxes. david: the folks who say this is an anomaly point of good points, consumer spending is not doing bad. durable goods orders were up. business investment is up, capitol spending. homebuilding is looking pretty bright and even though prices came down a tick last quarter. there are improvements in the economy that may be worked into this number. >> that is all true. the basic fact is that last year, 2012 : gdp growth, fourth quarter of 2011 tough fourth quarter 2012 was only one nap%....
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Jan 30, 2013
01/13
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CSPAN
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a gasoline tax is one of those options. >> a consumption tax. >> a carbon tax. howard dean is always candid. he said everybody needs to pay more tax. >> let's hear what you think about this. gasoline tax is a no-brainer. has not gone up in 20 years. i am going to put this question up for you to ask, what do you think of a gasoline tax, and remember this could happen over time, no increase in gas? 25 cents per gallon? 50 cents per gallon, seven 5 cents per gallon? a dollar a gallon? the money mostly would go directly to repair america's critical infrastructure. while they are boating, senator bennett. >> you don't have my number. >> what is your number? 15 cents. >> let's go back just for a moment. i agree, it is really important that we deal with facts and that we deal with common facts. let me tell you about europe, as a business person. there are certain countries in europe, many of which are not in crisis, that are absolutely the last place you would ever put a new job. the reason they are the last place you would put a new job is because the rules are around
a gasoline tax is one of those options. >> a consumption tax. >> a carbon tax. howard dean is always candid. he said everybody needs to pay more tax. >> let's hear what you think about this. gasoline tax is a no-brainer. has not gone up in 20 years. i am going to put this question up for you to ask, what do you think of a gasoline tax, and remember this could happen over time, no increase in gas? 25 cents per gallon? 50 cents per gallon, seven 5 cents per gallon? a dollar a...
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Jan 30, 2013
01/13
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FBC
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we have seen tax refugees from income taxes. are we now going to see death tax refugees? we must, i guess? liz: yeah i mean they get you coming and going. when one state does it, the others copy cat it. the worst states to die in are new jersey and maryland, federal state, and inheritance tax assessed against your heirs. stuart: no income tax in florida or estate tax in florida as well. that's very important. charles: that's why the villages is more like a mini city. people are flocking down there. you don't work your whole life to give the money to the government, after you have already given half of it. stuart: the highlight reel is next. to generate income? with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity option.. evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now ge
we have seen tax refugees from income taxes. are we now going to see death tax refugees? we must, i guess? liz: yeah i mean they get you coming and going. when one state does it, the others copy cat it. the worst states to die in are new jersey and maryland, federal state, and inheritance tax assessed against your heirs. stuart: no income tax in florida or estate tax in florida as well. that's very important. charles: that's why the villages is more like a mini city. people are flocking down...
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Jan 30, 2013
01/13
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WUSA
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illegal immigrants to gain temporary legal status if they passed a background check, paid a fine, back taxes and learned english. >> for the first time in many years, republicans and democrats seem ready to tackle this problem together. >> reporter: some gop house members say they don't support the senate proposal, but some of the biggest opposition to immigration reform could come from outside the halls of congress. republican senator marco rubio went on conservative radio to drum up support from a skeptical rush limbaugh. >> if 70% of the hispanics went republican do you thank'd be any part of this legislation? >> it is clearly a trojan horse, which really reforms nothing. >> reporter: the group of eight senators sponsoring the legislation say once the language is agreed upon, the bill could come up for a vote as early as this summer. danielle nottingham, cbs news, washington. >>> well, also on capitol hill, the senate overwhelmingly confirmed senator john kerry to be the next secretary of state. yesterday's vote was 94-3. kerry plans to resign from the senate on friday. earlier he was una
illegal immigrants to gain temporary legal status if they passed a background check, paid a fine, back taxes and learned english. >> for the first time in many years, republicans and democrats seem ready to tackle this problem together. >> reporter: some gop house members say they don't support the senate proposal, but some of the biggest opposition to immigration reform could come from outside the halls of congress. republican senator marco rubio went on conservative radio to drum...
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Jan 30, 2013
01/13
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to earn citizenship by paying taxes and passing a background check, among other requirements. >> this is not just a debate about policy, it is about people. >> reporter: mr. obama described a similar bipartisan plan in the senate as encouraging, but republicans are also warning the president that there are limits to their willingness to compromise. >> if this endeavor becomes a bidding war to see who can come up with the easiest, quickest pathway to green card possible, this won't go well, folks. >> reporter: after winning 17% of the latino vote, the president is okay pressuring republicans. >> if congress is unable to move forward in a timely fashion, i will send a bill based on my proposal and insist that they vote on it right away. >> reporter: among those moves for the reform, they came to the u.s. illegally 13 years ago from mexico city. visiting at home with them in california, their 22-year-old daughter can't imagine life outside the u.s. >> spent more than half my life here. i would not have the first idea of how works back in my country. >> folks forget most of us used to be
to earn citizenship by paying taxes and passing a background check, among other requirements. >> this is not just a debate about policy, it is about people. >> reporter: mr. obama described a similar bipartisan plan in the senate as encouraging, but republicans are also warning the president that there are limits to their willingness to compromise. >> if this endeavor becomes a bidding war to see who can come up with the easiest, quickest pathway to green card possible, this...
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right now so let's just presume they are all tax of wiring citizens included. it's a baby and that means that each and every person is having to four pounds one hundred dollars each now every day i speak to pass and some ethics cassadine said that the tax burdens for america will be ongoing the american taxpayer is going to face higher payments for quite some years to come but remember that the bush tax cuts were only temporary and they've now been reversed for all american households who earn more than fifty thousand dollars per year that means that each american in that income bracket is going to be paying more than a thousand dollars a year in additional taxes that kicks in from january in other words immediately so on average they're going to be paying around another eighty seven dollars per month in taxes government is money that consumers won't have to be spending to drive the recovery now the u.s. government they want to spur growth to get the sixteen trillion dollar debt down now we tax is rising when wages and salaries are going down is this mission im
right now so let's just presume they are all tax of wiring citizens included. it's a baby and that means that each and every person is having to four pounds one hundred dollars each now every day i speak to pass and some ethics cassadine said that the tax burdens for america will be ongoing the american taxpayer is going to face higher payments for quite some years to come but remember that the bush tax cuts were only temporary and they've now been reversed for all american households who earn...
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Jan 30, 2013
01/13
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keep watching to find out. >>> plus tax hikes don't have to be all bad. one company steps up, to take a financial hit for its workers and the ceo joins us exclusively to explain. it is a good news story. piles of money coming up. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. [ male announcer ] to hold a patent that has changed the modern world... would define you as an innovator. to hold more than one patent of this caliber... would define you as a true leader. ♪ to hold over 80,000... well, that would make you... the creators of the 2013 mercedes-benz e-class... quite possibly the most advanced luxury sedan ever. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business
keep watching to find out. >>> plus tax hikes don't have to be all bad. one company steps up, to take a financial hit for its workers and the ceo joins us exclusively to explain. it is a good news story. piles of money coming up. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®....
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Jan 30, 2013
01/13
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FOXNEWSW
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republicans say you cannot tax the wealthy enough to make a dent. a leading senate republican says president obama has talked a good game but has not delivered. >> when it comes to reducing the debt as we would say out in the west, the president has been all hat and no cowboy. in other words, he has been all talk and no action. what we have seen over the past four years as trillion-dollar deficits every single year, the debt has ballooned by 50% and so the president's record and his rhetoric just don't match up. >> republicans say democrats got their tax increases part of the fiscal cliff standoff. the final settlement and now many republicans are saying new taxes are off the table, bill. >> bill: what are democrats saying about the strong possibility, mike, that these cuts to defense spending may go into effect after all. >> well, democratic leader harry reid said that next week senators were going to sit down and talk about alternatives to those cuts to domestic and defense spending. today senator reid hinted at more taxes. >> remember, the americ
republicans say you cannot tax the wealthy enough to make a dent. a leading senate republican says president obama has talked a good game but has not delivered. >> when it comes to reducing the debt as we would say out in the west, the president has been all hat and no cowboy. in other words, he has been all talk and no action. what we have seen over the past four years as trillion-dollar deficits every single year, the debt has ballooned by 50% and so the president's record and his...
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Jan 31, 2013
01/13
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CSPAN
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by this year, create a new cyber security tax credit. there is another important thing that we can do this year that would also create jobs. that is offshore land. moving forward on offshore land. [applause] moving forward with offshore land could make maryland a new regional manufacturing hub for wind turbines. we will create jobs and generate abundant and clean and renewable energy, but only if we choose. mr. speaker, mr. president, members of the general assembly, let's get this done this year, shall we? [applause] ultimately, the greatest asset that we have as you well know is demonstrated by the votes you have cast. maryland has built up one of the most highly skilled workforce of the country. better choices, better results. the reality is that too many of the new jobs being created in our economy go on field -- go unfulfilled. why? too many people lack the skills to fill them. your vote on a bill will allow us to partner with businesses to put more workers with the skills they need to go kill jobs that are in the highest demand. --
by this year, create a new cyber security tax credit. there is another important thing that we can do this year that would also create jobs. that is offshore land. moving forward on offshore land. [applause] moving forward with offshore land could make maryland a new regional manufacturing hub for wind turbines. we will create jobs and generate abundant and clean and renewable energy, but only if we choose. mr. speaker, mr. president, members of the general assembly, let's get this done this...
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Jan 30, 2013
01/13
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MSNBC
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we have to lal out a path, includes passing a background check, paying taxes, paying a penalty, learning english, and then going to the back of the line behind all of the folks who are trying to come here legally. that's only fair. >> let's bring in republican strategist david winston, senior adviser to speaker boehner and angela wri and former executive director and general counsel to the congressional black caucus. good morning. >> marco rubio has been taking the lead on this for republicans trying to win over, for example, conservative talk show hosts. can he provide some political cover for other conservatives? what's his role in all of this? >> clearly for obvious reasons he has standing on the issue that others don't have. he's obviously taken the lead in terms trying to drive this. there are two fundamental elements that you saw the president address that the republicans have been concerned about. one is the idea that the those who asked to follow the process end up at the end of the line as opposed to beginning of the line. the president was clearly trying to address that concern
we have to lal out a path, includes passing a background check, paying taxes, paying a penalty, learning english, and then going to the back of the line behind all of the folks who are trying to come here legally. that's only fair. >> let's bring in republican strategist david winston, senior adviser to speaker boehner and angela wri and former executive director and general counsel to the congressional black caucus. good morning. >> marco rubio has been taking the lead on this for...
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Jan 30, 2013
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WRC
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they'd have to pay back taxes and pass a background check among other requirements. opponents to the plan worry that it doesn't do enough to beef up security at the border. they say millions of additional undocumented immigrants could be in this country in a few years without tighter security. >>> super bowl sunday is just around the corner and that means the big easy is boosting security throughout the city. the city of new orleans is adding 1300 federal agents and 270 extra state troopers. there will also be coast guard ships on the lower. river homeland secretary janet napolitano will hold a press conference with the nfl later today. the 150,000 super bowl fans packing the city, the police are dealing with the annual buildup of mardi gras where thousands flock to the french quarter in new orleans. >>> the number of children being diagnosed with adhd is on the rise. we'll take a look at what's causing that. >>> plus, >> announcer: you're watching "news4 midday." >>> it appears twinkies won't be going away after all. two investment firms that started the bidding to
they'd have to pay back taxes and pass a background check among other requirements. opponents to the plan worry that it doesn't do enough to beef up security at the border. they say millions of additional undocumented immigrants could be in this country in a few years without tighter security. >>> super bowl sunday is just around the corner and that means the big easy is boosting security throughout the city. the city of new orleans is adding 1300 federal agents and 270 extra state...
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Jan 30, 2013
01/13
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WRC
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to earn citizenship by paying taxes and passing a background check, among other requirements. >> this is not just a debate about policy. it's about people. >> reporter: mr. obama described a largely similar bipartisan plan in the senate as encouraging, but republicans are already warning the president that there are limits to their willingness to compromise. >> if this endeavor becomes a bidding war to see who can come up with the easiest, quickest and cheapest pathway to green card possible, this thing is not going to go well, folks. >> reporter: still, after winning more than 70% of the latino vote last november, the president's senior advisers say the white house is more than comfortable publicly pressuring republicans. >> and if congress is unable to move forward in a timely fashion, i will send up a bill based on my proposal and insist that they vote on it right away. >> reporter: among those moved by the promise of reform, luis and maria berahas, who acknowledge they came to the u.s. from mexico city 14 years ago. visiting from their home in california, their 22-year-old daughte
to earn citizenship by paying taxes and passing a background check, among other requirements. >> this is not just a debate about policy. it's about people. >> reporter: mr. obama described a largely similar bipartisan plan in the senate as encouraging, but republicans are already warning the president that there are limits to their willingness to compromise. >> if this endeavor becomes a bidding war to see who can come up with the easiest, quickest and cheapest pathway to...
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business investments going and will consumer be hurt by payroll tax hikes. probably the best way to think about the economy now. you get there by averaging stronger than expected growth in third quarter. what's clear, is this report, think of it as the ghost of christmas future. if you cut back an gov spending, it mathematically approaches. it sets the stage and uncertainty associated with it for better growth in the future. tyler? >> steve, much to think about there. how are defense stocks reacting to the 22% reduction in defense spending by the government in the fourth quarter? jane wells has details in l.a. jane? >> tyler, defense spending down. after reporting descent guidance and returning lots of cash to investors, saying quote i can't recall a time of greater uncertainty. raising guidance but none of the companies are factoring in possibility within extra half trillion in cuts kicking in in march. pentagon spending, as you can see, never 22%. cuts included 43% cuts to ships. 90 percent in weapons support. but look, 64% jump in missile spending. good f
business investments going and will consumer be hurt by payroll tax hikes. probably the best way to think about the economy now. you get there by averaging stronger than expected growth in third quarter. what's clear, is this report, think of it as the ghost of christmas future. if you cut back an gov spending, it mathematically approaches. it sets the stage and uncertainty associated with it for better growth in the future. tyler? >> steve, much to think about there. how are defense...
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Jan 30, 2013
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corporate taxes and one highest state tax. many disagree with the decision saying some should go with helping lower city taxes and funding the district's school services. >> will be expanded for the first time since it opened 42 years ago. the $100 million edition includes public spaces, pavilions. memorial gardens, floating stage for outdoor performances and an outdoor video wall for, simulcast. the chairman is giving a $50 million donation. >> you may be able to drive faster on the inter county connector if state law makers get their way. considering a bill raising the speed limit from 55 to 60 or 70 miles per hour. many complain the icc are too low, fines are too high. >> 8:26. 55 degrees. still ahead, managing your budget. fox consumer reporter will join us live to show us how everyone can cut back a little. >> plus a new journey begins for a wounded warrior. surgery performed in our area that made it possible. ♪ i'd like to thank eating right, whole grain, multigrain cheerios! my bowl, my spoons! mom, are those my jeans
corporate taxes and one highest state tax. many disagree with the decision saying some should go with helping lower city taxes and funding the district's school services. >> will be expanded for the first time since it opened 42 years ago. the $100 million edition includes public spaces, pavilions. memorial gardens, floating stage for outdoor performances and an outdoor video wall for, simulcast. the chairman is giving a $50 million donation. >> you may be able to drive faster on...
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Jan 30, 2013
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CSPAN2
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for under 65, you have to earn before you pay any increase taxes. it doesn't make any sense. when you go into medicare, your pain to set up premiums and two sets of metadata coverage. two sets of party coverage. just for the string of monthly expenses for health care. they escalate dramatically at a time when you have probably less opportunity to increase ever come in the future. so i think we have to be very careful when we look at the beneficiary impact of changes and we need to understand what we're talking about and how it will impact people. the posturing and medicare is very high. in order to increase the cost is a difficult thing to do. all of these things go together. so i worry you can miss some of the problems that can happen. >> i can't help but draw a parallel to the commercial side where we have had for years efforts to try to get health care spending under control by dealing with the benefits side and inventing new benefits structures and care products and other things that would make individuals more price conscious and so forth. on the other hand, now we are d
for under 65, you have to earn before you pay any increase taxes. it doesn't make any sense. when you go into medicare, your pain to set up premiums and two sets of metadata coverage. two sets of party coverage. just for the string of monthly expenses for health care. they escalate dramatically at a time when you have probably less opportunity to increase ever come in the future. so i think we have to be very careful when we look at the beneficiary impact of changes and we need to understand...
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Jan 30, 2013
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they say the increase in the payroll tax has dampened consumer sentiment. u.s. share prices are rising as investors expect an economic recovery. but the focus now is what impact the increased pessimi will have on peonal spending, which accounts for 70% of u.s. gross domestic product. >>> officials at royal philips electronics in the netherlands will sell their audiovisual equipment division to a japanese firm. they want to take a step back from consumer electronics and focus on their medical and health-related business. the philips division makes products like video decks, portable music players, and headphones. japan's funai electric is set to acquire it by the end of this year. officials of the two firms say they made a dl for 150 million euros. that's over $200 million. philips officials have also spun off their television business to a joint venture with a taiwanese firm. now, funai electric plans to maintain the philips brand and expand sales to emerging economies in asia and south america. >>> one of japan's major oil wholesalers will join forces with a ca
they say the increase in the payroll tax has dampened consumer sentiment. u.s. share prices are rising as investors expect an economic recovery. but the focus now is what impact the increased pessimi will have on peonal spending, which accounts for 70% of u.s. gross domestic product. >>> officials at royal philips electronics in the netherlands will sell their audiovisual equipment division to a japanese firm. they want to take a step back from consumer electronics and focus on their...
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Jan 30, 2013
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and a jury convicted ryan in 2006 of racketeering, conspiracy, tax fraud and manning false statements to the fbi. >>> thank you for joining us at 5. >> the news edge at 6 is coming to you now. >> in maryland, governor o'malley gave his state-of-the- state address and called on lawmakers to re-enact a ban on military-style assault weapons and to do away with the state's dent. >> reporter: governor o'malley didn't waste a second declaring the health of the free state. >> the state-of-the-state is strong, and we're growing stronger still. >> reporter: the governor's 35- minute speech played out a -- laid out a long list of priorities through the general assembly and the centerpiece being the proposed law for stricter gun control in maryland. >> i ask you to ban the sale of military assault weapons in maryland. >> reporter: the governor went on to call for thim
and a jury convicted ryan in 2006 of racketeering, conspiracy, tax fraud and manning false statements to the fbi. >>> thank you for joining us at 5. >> the news edge at 6 is coming to you now. >> in maryland, governor o'malley gave his state-of-the- state address and called on lawmakers to re-enact a ban on military-style assault weapons and to do away with the state's dent. >> reporter: governor o'malley didn't waste a second declaring the health of the free state....
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two how the vatican built a secret property empire using mussolini's millions purposely used offshore tax havens to create five hundred million pound international portfolio featuring real estate in the u.k. france and switzerland but max they discovered that the church's international portfolio has been built up over the years using cash originally handed over by mussolini in turn for papal recognition of the italian fascist regime and one nine hundred twenty nine so in terms of asos and plans for killing off the old people essentially who is going to be the one that blesses there you know. not going to be jesus. jesus no no part of that the buddha. jesus checked out of the catholic church alone they do because of the in bed with the if ashes to spend they are part of long well this is the thing we're going to cover this actually they don't want to get an expert on this but they own huge swathes of london using mussolini's money who mussolini paid them this seed money. in exchange for blessing his fascism but this is what the rats chooses sunline what he sounds angry . i state there were
two how the vatican built a secret property empire using mussolini's millions purposely used offshore tax havens to create five hundred million pound international portfolio featuring real estate in the u.k. france and switzerland but max they discovered that the church's international portfolio has been built up over the years using cash originally handed over by mussolini in turn for papal recognition of the italian fascist regime and one nine hundred twenty nine so in terms of asos and plans...
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. >> well, it adds about 100 billion of drag to what's already there from the tax increases we saw earlier in the month, and you put it all together and you've got 1.5% to 2% of fiscal drag instead of the usual boost so i think it will slow us pretty rapidly. you know, given that we're flat in the fourth quarter, it's not a good sign. >> when does the debt catch up to us then? i mean, do you worry about the $17 trillion debt, $16.4 trillion debt? when does that catch up? >> you know, i don't worry about it too much for two reasons. one, i tried to worry about it with japan and lost an awful lot of money betting on interest rates going up there. secondly, remember, interest rates on outstanding debt are about 80 basis point on average for the government so the debt interest rate burden is about 1.5% of gdp. that's about as low as it's ever been. we're lucky, but that's the way it is. >> lindsey, so what's the answer here? let's just assume that the -- that the sequester takes effect. >> sure. >> that you do have the pullback in spending. seems to me that would put an awful lot of pressure o
. >> well, it adds about 100 billion of drag to what's already there from the tax increases we saw earlier in the month, and you put it all together and you've got 1.5% to 2% of fiscal drag instead of the usual boost so i think it will slow us pretty rapidly. you know, given that we're flat in the fourth quarter, it's not a good sign. >> when does the debt catch up to us then? i mean, do you worry about the $17 trillion debt, $16.4 trillion debt? when does that catch up? >>...
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economists say americans are worried about higher payroll taxes and the outlook for jobs. but despite that, the dow rose 72 points, the nasdaq fell a fraction, the s&p added seven points. after the market close, investors also shrugged off a disappointing earnings report from amazon and bought up the stock. amazon shares surged as much as 9%. it earned 21 cents a share, six cents below analyst estimates. revenues rose 22% but were a billion less than estimates. amazon's c.e.o., jeff bezos, said the company's e-book business is paying off, growing by about 70% last year and is now a "multibillion-dollar category." but he didn't say how many kindle fire tablets amazon has sold. still, jason moser, an analyst with the motley fool, says: >> really, i think that amazon is going to prove to be the leader here in retail-- not just online retail-- because i think retail in general is heading towards online retail for the most part, and amazon is really what is really setting the standard there. and that's why i think you see amazon performing so well today, and companies like walm
economists say americans are worried about higher payroll taxes and the outlook for jobs. but despite that, the dow rose 72 points, the nasdaq fell a fraction, the s&p added seven points. after the market close, investors also shrugged off a disappointing earnings report from amazon and bought up the stock. amazon shares surged as much as 9%. it earned 21 cents a share, six cents below analyst estimates. revenues rose 22% but were a billion less than estimates. amazon's c.e.o., jeff bezos,...
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now that taxes are increased, we've got to see how they're reacting to that, but up until this point, almost everything pointed to stronger consumer spending and that i take as a positive sign. >> brown: what about just filling in a little bit more on the housing sector because those numbers came out yesterday, they look good, they were interpreted as very positive. but i note that even robert shiller himself sort of suggested that he can't read all that much into them. how important is that sector? >> well, to me i think housing is critically important, not simply because of whole construction which obviously powers an awful lot of jobs but when you consider all the people who have been underwater for so long and they have this negative wealth effect, we talked about the fact that 401(k)s are going up. if they see house prices going up they feel an awful lot better as well. so i think this strength in the housing prices are really the most important factor out there and it's spread really across the country. not quite as strong as what's going on in some of the areas that collapsed l
now that taxes are increased, we've got to see how they're reacting to that, but up until this point, almost everything pointed to stronger consumer spending and that i take as a positive sign. >> brown: what about just filling in a little bit more on the housing sector because those numbers came out yesterday, they look good, they were interpreted as very positive. but i note that even robert shiller himself sort of suggested that he can't read all that much into them. how important is...
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Jan 30, 2013
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and in social security taxes. but still encouraging news overall. >> i wonder, the banks have these strict guidelines now. much stricter than before because of the huge banking debacle. so i wonder are they lending money to folks who want to buy a home. that's going to be an issue, i think. >> that always helps spur things on. the bank loosens its grip on the green. that tends to help. and the federal reserve expected to release a statement that could have an impact on the markets in terms of their latest economic outlook. so stay tuned for that. >>> oil giant bp and the justice department have agreed to a record settlement in connection with the 2010 gulf oil disaster. in addition to paying $4 billion in penalties, the company agreed to plead guilty to manslaughter for the deaths of 11 workers on the deep water horizon rig. bp could pay billions more in civil claims for environmental damage. >>> another financial headline for you. there could be a big change coming to youtube, a paid prescription service. users w
and in social security taxes. but still encouraging news overall. >> i wonder, the banks have these strict guidelines now. much stricter than before because of the huge banking debacle. so i wonder are they lending money to folks who want to buy a home. that's going to be an issue, i think. >> that always helps spur things on. the bank loosens its grip on the green. that tends to help. and the federal reserve expected to release a statement that could have an impact on the markets...
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>> the tax issue. >> the tax issue -- >> the -- the sales -- online sales tax. >> california and texas were hit this quarter. it could have played a role and probably did because u.s. revenues were lighter than international. i think for the most part there's a tradeoff. i think as they don't have to worry about violating the statute which is the no presence. and when they go down the path of actually charging sales taxes, that does mean they can actually move closer to the consumers, build some of the fulfillment centers there and offer some of the amazon conveniences. >> and i think amazon is actually behind some sort of a compromise that would bring you revenue on a per state basis at least. >> right. it is going to affect the bottom line ultimately. >> it -- i think so. i think that there's a lot of areas in investment i think for amazon below the gross profit line. i think we focus a lot, investors focus a lot on that story. but i think when you think about the investments that they're doing on their web services side, all the dna that gets associated with that, that is -- you kno
>> the tax issue. >> the tax issue -- >> the -- the sales -- online sales tax. >> california and texas were hit this quarter. it could have played a role and probably did because u.s. revenues were lighter than international. i think for the most part there's a tradeoff. i think as they don't have to worry about violating the statute which is the no presence. and when they go down the path of actually charging sales taxes, that does mean they can actually move closer to...
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Jan 30, 2013
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economists say americans are worried about higher payroll taxes and the outlook for jobs. but despite that, the dow rose 72 points, the nasdaq fell a fraction, the s&p added seven points. after the market close, investors also shrugged off a disappointing earnings report from amazon and bought up the stock. amazon shares surged as much as 9%. it earned 21 cents a share, six cents below analyst estimates. revenues rose 22% but were a billion less than estimates. amazon's c.e.o., jeff bezos, said the company's e-book business is paying off, growing by about 70% last year and is now a "multibillion-dollar category." but he didn't say how many kindle fire tablets amazon has sold. still, jason moser, an analyst with the motley fool, says: >> really, i think that amazon is going to prove to be the leader here in retail-- not just online retail-- because i think retail in general is heading towards online retail for the most part, and amazon is really what is really setting the standard there. and that's why i think you see amazon performing so well today, and companies like walm
economists say americans are worried about higher payroll taxes and the outlook for jobs. but despite that, the dow rose 72 points, the nasdaq fell a fraction, the s&p added seven points. after the market close, investors also shrugged off a disappointing earnings report from amazon and bought up the stock. amazon shares surged as much as 9%. it earned 21 cents a share, six cents below analyst estimates. revenues rose 22% but were a billion less than estimates. amazon's c.e.o., jeff bezos,...
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FOXNEWS
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in a moment here, what if your governor wanted to give your money back in taxes? he said the state already has enough of it. a close look at a surprising proposal in a moment. martha: nick wallenda does it again. looks like he is going for a walk in the park in his blue jeans. no tether, waving to the crowd, blowing kisses, 200 feet above the road in florida there. we'll talk to him. what do you do? what do you put into your head to allow yourself to get up there. we'll be right back. >> it is uncomfortable, of course. all about the training. that i did my entire life and training for niagra falls of course pays off. [ whistle blows ] hi victor! mom? i know you got to go in a minute but this is a real quick me, that's perfect for two! campbell's chunky beef with country vegetables, poured over rice! [ male announcer ] campbell's chunky soup. it fills you up right. martha: so all sides clamor for the lead on immigration reform right now, president obama laid down his marker on this issue in las vegas yesterday. take a look. >> we all agree that these men and women
in a moment here, what if your governor wanted to give your money back in taxes? he said the state already has enough of it. a close look at a surprising proposal in a moment. martha: nick wallenda does it again. looks like he is going for a walk in the park in his blue jeans. no tether, waving to the crowd, blowing kisses, 200 feet above the road in florida there. we'll talk to him. what do you do? what do you put into your head to allow yourself to get up there. we'll be right back. >>...
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Jan 30, 2013
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now that taxes are increased we've got to see how they're reacting to that, but up until this point almost everything pointed to stronger consumer spending and that i take as a positive sign. >> brown: what about just filling in a little bit more on the housing sector because those numbers came out yesterday, they look good, they were interpreted as very positive. but i note that even robert shiller himself sort of suggested that he can't read all that much into them. how important is that sector? >> well, to me i think housing is critically important not simply because of whole construction which obviously powers an awful lot of jobs but when you consider all the people who have been underwater for so long and they have this negative wealth effect, we talked about the fact that 401(k)s are going up. if they see house prices going up they feel an awful lot better as well. so i think this strength in the housing prices are really the most important factor out there and it's spread really across the country. not quite as strong as what's going on in some of the areas that collapsed like phoe
now that taxes are increased we've got to see how they're reacting to that, but up until this point almost everything pointed to stronger consumer spending and that i take as a positive sign. >> brown: what about just filling in a little bit more on the housing sector because those numbers came out yesterday, they look good, they were interpreted as very positive. but i note that even robert shiller himself sort of suggested that he can't read all that much into them. how important is...
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andrew napolitano talks to us about the tax that taxpayers are staring at after the big bank bailout. take a look at how the guild on the ten year is doing today. the market is flat, but the surgery yield is back above 2%. the local [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ [ male announcer ] to hold a patent that has changed the modern world... would define you as an innovator. to hold more than one patent of this caliber... would define you as a true leader. ♪ to hold over 80,000... well, that would make you... the creators of the 2013 mercedes-benz e-class... quiteossibly the most advanced luxury sedan ever. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >> i am lori laughlin with your fox business brief. the latest policy meeting is underway. they will stick with its plan of
andrew napolitano talks to us about the tax that taxpayers are staring at after the big bank bailout. take a look at how the guild on the ten year is doing today. the market is flat, but the surgery yield is back above 2%. the local [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all...
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WBAL
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we know and we understand... tax laws, tax theories. this is my dream job. this is my favorite thing in the world to do. i've done 25,000 tax returns. you might say i've had some experience. i will back you up. bring it on. i'm here with daphne oz, a model of healthy habits. so daphene, do you eat activia. i do it's always in my fridge. and you know activia isn't just for minor digestive issues. exactly, it's also important for my overall well being because it helps regulate my digestive system. and when you feel good on the inside, it shows on the outside! whether at work, with friends, on a special night, or just enjoying an activia. shine from the inside out with activia. ♪ dannon >>> back now at 8:11 with "today's" professionals, star jones, donny deutsch and dr. nancy snyderman here to weigh in on the day's hot topics. let's get right to the volkswagen super bowl ad. some people think this crosses a line, that it's offensive. take a look. >> i hate mondays. >> yeah, they're the worst. >> no worries, man. everything will be all right. yeah, man. oh, do
we know and we understand... tax laws, tax theories. this is my dream job. this is my favorite thing in the world to do. i've done 25,000 tax returns. you might say i've had some experience. i will back you up. bring it on. i'm here with daphne oz, a model of healthy habits. so daphene, do you eat activia. i do it's always in my fridge. and you know activia isn't just for minor digestive issues. exactly, it's also important for my overall well being because it helps regulate my digestive...